Harvest Fund Management Co. Ltd Acquires 352 Shares of Fair Isaac Co. (NYSE:FICO)

Harvest Fund Management Co. Ltd raised its holdings in Fair Isaac Co. (NYSE:FICO) by 86.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 760 shares of the technology company’s stock after acquiring an additional 352 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Fair Isaac were worth $1,477,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Quent Capital LLC increased its holdings in shares of Fair Isaac by 11.4% during the first quarter. Quent Capital LLC now owns 234 shares of the technology company’s stock worth $292,000 after buying an additional 24 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Fair Isaac in the 1st quarter worth about $25,000. Advisors Asset Management Inc. bought a new position in Fair Isaac in the first quarter valued at about $26,000. Janus Henderson Group PLC boosted its stake in shares of Fair Isaac by 19.1% during the first quarter. Janus Henderson Group PLC now owns 4,009 shares of the technology company’s stock valued at $5,009,000 after purchasing an additional 644 shares in the last quarter. Finally, Motley Fool Asset Management LLC grew its holdings in shares of Fair Isaac by 9.2% during the first quarter. Motley Fool Asset Management LLC now owns 524 shares of the technology company’s stock worth $655,000 after purchasing an additional 44 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Price Performance

FICO stock opened at $2,360.36 on Tuesday. The company’s 50-day moving average is $2,064.93 and its 200-day moving average is $1,735.38. The stock has a market capitalization of $57.47 billion, a PE ratio of 115.42, a price-to-earnings-growth ratio of 4.33 and a beta of 1.35. Fair Isaac Co. has a 1 year low of $1,067.36 and a 1 year high of $2,402.51.

Fair Isaac declared that its board has initiated a stock repurchase plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FICO. Wells Fargo & Company raised their price target on shares of Fair Isaac from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their price objective on Fair Isaac from $2,130.00 to $2,374.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Robert W. Baird lifted their target price on Fair Isaac from $1,700.00 to $2,000.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Needham & Company LLC upped their price target on Fair Isaac from $1,850.00 to $2,500.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Barclays raised their price objective on Fair Isaac from $2,150.00 to $2,350.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Fair Isaac currently has an average rating of “Moderate Buy” and an average target price of $1,964.92.

Insider Buying and Selling at Fair Isaac

In related news, EVP Thomas A. Bowers sold 2,680 shares of Fair Isaac stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $2,338.21, for a total transaction of $6,266,402.80. Following the transaction, the executive vice president now owns 5,769 shares of the company’s stock, valued at $13,489,133.49. The trade was a 31.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Henry Tayloe Stansbury sold 249 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $2,338.55, for a total value of $582,298.95. Following the completion of the sale, the director now directly owns 92 shares of the company’s stock, valued at $215,146.60. The trade was a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,390 shares of company stock worth $21,901,887. 3.54% of the stock is owned by corporate insiders.

Fair Isaac Profile

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.